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RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of SGMO
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Sangamo BioSciences stock price up 2.94% on Friday
(Updated on Apr 26, 2024)

Sell candidate since Mar 22, 2024 Loss -26.34% PDF

The Sangamo BioSciences stock price gained 2.94% on the last trading day (Friday, 26th Apr 2024), rising from $0.503 to $0.518. During the last trading day the stock fluctuated 6.14% from a day low at $0.503 to a day high of $0.534. The price has been going up and down for this period, and there has been a -4.71% loss for the last 2 weeks. Volume fell on the last day by -338 thousand shares and in total, 650 thousand shares were bought and sold for approximately $336.77 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -19.41% during the next 3 months and, with a 90% probability hold a price between $0.134 and $0.94 at the end of this 3-month period.

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SGMO Signals & Forecast

There are mixed signals in the stock today. The Sangamo BioSciences stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $0.642. On a fall, the stock will find some support from the short-term average at $0.506. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Friday, February 16, 2024, and so far it has fallen -62.48%. Further fall is indicated until a new bottom pivot has been found. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for Sangamo BioSciences stock

Sangamo BioSciences finds support from accumulated volume at $0.500 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move much during the day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.0309 between high and low, or 6.14%. For the last week the stock has had daily average volatility of 9.99%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (SGMO) For The Upcoming Trading Day Of Monday 29th

For the upcoming trading day on Monday, 29th we expect Sangamo BioSciences to open at $0.518, and during the day (based on 14 day Average True Range), to move between $0.454 and $0.582, which gives a possible trading interval of +/-$0.0642 (+/-12.39%) up or down from last closing price. If Sangamo BioSciences takes out the full calculated possible swing range there will be an estimated 24.78% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.500 (3.44%) than the resistance at $0.545 (5.29%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Sangamo BioSciences stock A Buy?

Sangamo BioSciences holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.

Current score: -5.869 Strong Sell Candidate Unchanged

Predicted Opening Price for Sangamo BioSciences of Monday, April 29, 2024

Fair opening price April 29, 2024 Current price
$0.518 ( 0.0837%) $0.518

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for SGMO

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 0.549 6.05 %
R2 0.537 3.77 %
R1 0.530 2.36 %
Current price: 0.518
Support S1 0.506 -2.20 %
S2 0.499 -3.60 %
S3 0.487 -5.88 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0.642 23.93 %
R2 0.560 8.15 %
R1 0.545 5.29 %
Current price 0.518
Support S1 0.500 -3.44%
S2 0.485 -6.32%
S3 0.457 -11.74%

FAQ

What is the symbol for Sangamo BioSciences Stock and on which exchange is it traded?
The symbol for Sangamo BioSciences is SGMO and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Sangamo BioSciences Stock?
Sangamo BioSciences holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.

How to buy Sangamo BioSciences Stock?
Sangamo BioSciences Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Sangamo BioSciences Stock.

What's the current price of Sangamo BioSciences Stock?
As of the end of day on the Apr 26, 2024, the price of an Sangamo BioSciences (SGMO) share was $0.518.

What is the 52-week high and low for Sangamo BioSciences Stock?
The 52-week high for Sangamo BioSciences Stock is $1.78 and the 52-week low is $0.291.

What is the market capitalization of Sangamo BioSciences Stock?
As of the Apr 26, 2024, the market capitalization of Sangamo BioSciences is 105.459M.

When is the next earnings date for Sangamo BioSciences?
The upcoming earnings date for Sangamo BioSciences is May 13, 2024.
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About Sangamo BioSciences

Sangamo BioSciences Sangamo Therapeutics, Inc., a clinical-stage biotechnology company, focuses on translating science into genomic medicines that transform patients' lives using platform technologies in gene therapy, cell therapy, genome editing, and genome regulation. The company offers zinc finger protein (ZFP), a technology platform for making zinc finger nucleases, which are proteins used in modifying DNA sequences by adding or knocking out specific genes; and ... SGMO Profile

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